As you will be aware the UK wide Coronavirus Job Retention Scheme has been extended until 31 March 2021. But what are the key details for employers to know? The extended Coronavirus Job Retention Scheme (CJRS) offers a more generous level of support than the last few months, with the government paying 80% of an...

(from January 1 2021) There are a number of changes for a business that wishes to trade with the EU after the 1st of January 2021, and failure to comply with these procedures will result in the disability to import or export goods. These changes will mainly affect 5 areas: trade, goods, services, people and...

From 2 November, if your business has been required to close by law or change its operations due to Covid-19 restrictions then you may be eligible for grant funding. There are two different types of grants on offer and they will be paid every 4 weeks in arrears for as long as the restrictions last....

Whilst workplaces continue to be closed for an extended period, more and more people decided to create a dedicated workspace at home. HMRC is now targeting these spaces – how can you avoid a tax bill?  Tax Expert Brona MacDougall advises. As offices closed across the country back in March, working from home has became...

Over the last few days, there has been a lot of talk in the media regarding what the second lockdown in England would mean for the Job Support Scheme (JSS) – which was due to replace the Coronavirus Job Retention Scheme (CJRS) on 1 November. However, on the 5 November, Chancellor of the Exchequer Rishi...

Updated 4th November 2020 Over the last few days, there has been a lot of talk in the media regarding what the second lockdown in England would mean for the Job Support Scheme – which was due to replace the Coronavirus Job Retention Scheme (CJRS) on 1 November. However, on the 31 October, Prime Minster...

UPDATE 4th November 2020 To coincide with the changes to the CJRS and JSS , the SEISS (Self Employment Income Support Scheme) will be doubled back up to the previous amount of 80% of average trading profits for the entirety of November and the claims window for this brought forward from 14 December to 30...

The residence nil rate band (RNRB) can increase the amount of your estate that will escape inheritance tax. But when can the RNRB apply and what steps can you take to ensure that your beneficiaries benefit from the tax savings?  Lauren Herbert discusses. Naturally, you want your beneficiaries to receive as much of your estate...

You may think that having a Trust for your adult kids is a very sensible thing to do, indeed what could possibly go wrong? But the truth is that there are a number of potential tax pitfalls when parents transfer investment property into a discretionary trust for their adult children. Tax Expert Brona MacDougall takes...

A temporary lower VAT rate currently applies to some supplies of food and drink but not others. While this is good news it has caused some confusion. What VAT should you be charging your customers?  Our VAT expert John Craig provides the answers. Temporary VAT rate The government introduced the temporary 5% VAT rate for...